Sightholder List Update: Eurostar Diamonds International Confirmed As One of 79 De Beers / DTC Sightholders for Contract Period 2008-2011

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Eurostar Diamonds International, the large diamond company based in Antwerp, Belgium, has been confirmed as a Sightholder in the much-awaited DTC Sightholder decision for the 2008-2011 contract period. Eurostar has been a Sightholder since 1986 and also has a second Sight in Botswana. The company employs over 10,000 diamond experts in 7 cities and has over $1 billion in sales annually.

Eurostar Diamonds, Sightholders

Antwerp, Belgium (PRWEB)December 17, 2007

Eurostar Diamonds International has once again been selected as one of an elite group of 79 Sightholders of The Diamond Trading Company International (DTCI), which is the rough diamond sales division of the De Beers Group. This adds to the good news that Eurostar received earlier in November, when the company's Diamond Trading Company Botswana Sightholder status was also renewed.

A global diamond conglomerate with over $1 billion sales per annum, Eurostar Diamonds International was named Belgium's #1 value-adding diamond company for 20 consecutive quarters.

Eurostar has been a Sightholder since 1986 and has fortified a leading market position amidst growing competition, especially in calibrated loose diamonds and ideal cut hearts and arrows diamonds. It is estimated that there were over 150 applicants under review during the much-anticipated DTC Sightholder selection process for the 2008-2011 contract period.

Eurostar polishes over 2.5 million carats of top quality rough diamonds annually, employing 10,000 diamond experts in 7 cities. The company has vertically integrated diamond processing and polished diamond distribution operations in major diamond centres across the world and recently invested over $6 million in its latest diamond polishing plant, Eurostar Botswana. The New York Times reported that Eurostar Botswana is poised to become the largest diamond cutting and polishing plant in all of Africa. Eurostar has the largest diamond cutting and polishing plant in all of Asia, employing over 5,000 diamond craftsmen in China.

Eurostar is a leading supplier of fine polished diamonds with a clientele comprising the world's most prestigious watch and jewellery brands. In addition to being a De Beers Sightholder, Eurostar is also a premiere rough procurement client of BHP Billiton, Rio Tinto Diamonds, and Alrosa.